The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, amends … Indonesia Omnibus Bill – Changes to the Electricity Law
The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR“) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill … Indonesia Omnibus Bill – Changes to the Mining Law
The Indonesian Commercial Code (“ICC”) provides that a carrier is liable to provide compensation for any damages arising from its failure to deliver cargo, whether partially or entirely, or any damages to the cargo, unless such damage or failure to deliver was caused by force majeure. Indonesia has not ratified the Hague/Hague-Visby/Hamburg/Rotterdam Rules. In practice, … Indonesia Shipping Law – Cargo Claims
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill amends various provisions in … Indonesia Omnibus Bill – Potential Changes to the Oil and Gas Law
A bid is made public in the case of either a mandatory tender offer (MTO), which follows a change of control, or a voluntary tender offer (VTO). Before the offeror can proceed with either, he or she must announce their intention to the public. The announcement must be reviewed by the Indonesian Financial Services Authority … Corporate M&A in Indonesia – Disclosure
Shareholders in Indonesia are empowered to direct the company to take particular courses of action within the ambit of the general meeting of shareholders (GMS), including the power to elect and dismiss members of the board of directors (BOD), as governed under articles 94(1) and 105(1) of Law No. 40 of 2007 regarding Limited Liability … Corporate Governance in Indonesia – Shareholder Powers
A new regulation has introduced significant changes to the implementation of Indonesia’s Construction Services Law, which will affect business actors in the country’s construction sector. The new regulation, Government Regulation Number 22 of 2020 (“GR 22“) regarding Implementing Regulations of Law Number 2 of 2017 regarding Construction Services (January 12, 2017) (the “Construction Services Law“), … Business Entity Certificates and Construction Service Companies in Indonesia
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, introduces … Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements
Limited liability companies (PTs) in Indonesia are governed by Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies (Company Law). Other applicable laws and regulations include: Law No. 3 of 1982 dated 1 February 1982 regarding Mandatory Company Registry. Law No. 25 of 2007 dated 26 April 2007 regarding Capital … Establishing a Business in Indonesia – Forming a Private Company
